Alexander_Nikitin
Long

deep gartley to continue uptrend

FX:AUDJPY   Australian Dollar/Japanese Yen
just look at this risk to reward! taking trades like this you're eliminating a 7-losers effect with a single trike))
Off to an excellent start. Brilliant!!! :))
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Alexander_Nikitin Captain_Walker
didn't trigger)
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Captain_Walker PRO Alexander_Nikitin
It triggered 'for me'. :))
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Alexander_Nikitin Captain_Walker
yes, the overall idea was nice)
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Just curious . . .
So far this is looking good, however, I'm wondering why you
would choose a Gartley when the A to B ratio is .783 which for
me would make this a butterfly pattern with pt D @ 1.272.
Was it the support area ?
Thanks for your thoughts and wishing you a pocket full of pips !!!!!!!
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due to my fixed fractional mm, i collect percentages. not pips). Look at the trading plan. What it says exactly?
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"AB is a corrective movement to XA..."
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So, what the requiremnt for B in the trading plan?
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dojitrader Alexander_Nikitin
Using Scott Carney's guidelines I would have looked at this trade as:
With a pt B @ .786 or greater ---- a Butterfly with stops about 30 pips
http://harmonictrader.com/blog/2013/08/03/butterfly/
It still falls into the wide support range, but, in this case, I would
have missed the trade.
snapshot
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trade your plan)
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Amazing one!
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Steeeee-rike!!! I'm stunned!! Super-brilliant!! It hit the target which is a few points off tradingview's mid-point prices. :)))
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